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(MUNICH, GERMANY) Norbert Reithofer, CEO of Bayerische Motoren Werke AG, announced today that Harley-Davidson Motor Company has accepted a friendly merger agreement by BMW and will combine their motorcycle manufacturing facilities. Mr. Keith E Wandell, CEO of Harley-Davidson, will become president of the the worldwide motorcycle division, which will include the current BMW Motorrad division, Harley-Davidson, and Husqvarna. "We have long felt the need to diversify our motorcycle production by adding models more attuned to the cruiser market," Herr Reithofer said. "With our current BMW line, our Husqvarna line, and now the new Harley-Davidson line, we will be able to penetrate all parts of the worldwide motorcycle market." Mr. Wandell stated that the move, which has taken the motorcycling world by surprise, was accepted by Harley-Davidson as a way to strengthen its capital base, which has never recovered from the 2008 financial meltdown. "We also are looking for ways to streamline our operations by combining research and development, design, and marketing components of our motorcycle lines." The two men showed off a prototype of the kind of combined work the new combined companies will be capable of by announcing the BMW H1600R, which features a Harley motor in the body of the current K1600GT, suitably modified, with a distinctive orange and blue paint scheme to combine the colors of the two companies. There was also a clay mockup of a version of the current RoadKing Classic with the iconic BMW boxer motor, which is promised for fall introduction. FOR RELEASE AFTER MARCH 31, 2011
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Hopefully ya can see these. 2007 Harley-Davidson Electra Glide Ultra Classic. Glenn
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As my smaller-carbed 1997 Royal Star devoured a Road King this weekend, (Okay, it wasn't THAT much of a difference, but I was definitely faster!) I've decided my new motto will be: "VentureRider - Why buy a Harley-Davidson when you can OWN one."
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Harley-Davidson company today announced that it has purchased Yamaha's motorcycle division. Harley-Davidson company, a brand name for 107 years, would be at the top of any list of immediately identifiable corporate logos recognized worldwide," said Matthew S. Levatich, president of Harley-Davidson. "We are proud to bring this storied company to American ownership. We intend to maximize the value of the name and to fully utilize the manufacturing, marketing and worldwide distribution assets of the company to create appreciation and value for our shareholders. We also plan to increase the company's revenues through expanded branding activities and strategic acquisitions that will compliment the company's current product lines. As part of the synergy between our two companies, we plan to incorporate Yamaha products into the lines manufactured by H-D. The stock purchase agreement between Harley-Davidson and Yamaha encompasses all assets including patents, trademarks, intellectual property, distribution rights, machine drawings, inventory, equipment and physical assets of Yamaha, including its corporate headquarters in Newnan, Georgia. Under the agreement, Harley-Davidson will pay $15 billion in cash, with $5 billion paid upon closing and the balance due in May 2012. As of the close, Yamaha's total assets were approximately $17 billion, which includes two manufacturing facilities. The main facility is a 660,000 square foot plant on 160 acres located in Newnan. The other facility is a 36,000 square foot plant in Kennesaw, GA. Total liabilities are approximately $53 million, which includes a 10-year note payable to Yamaha for $15 billion due in May 2012. About Harley-Davidson Harley-Davidson, Inc. produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. It operates in two segments, Motorcycles and Related Products, and Financial Services. The Motorcycles and Related Products segment engages in the design, manufacture, and sale of primarily heavyweight touring, custom, and performance motorcycles primarily in North America, Europe, the Middle East, Africa, the Asia/Pacific, and Latin America. It also provides a line of motorcycle parts and accessories, including replacement parts, and mechanical and cosmetic accessories; general merchandise, such as apparel and accessories; and related services. This segment manufactures five families of motorcycles, including Touring, Dyna, Softail, Sportster, and VRSC. It offers its products under the Harley-Davidson, Buell, MV Agusta, and Cagiva brand names. The Financial Services segment provides wholesale and retail financing, and insurance and insurance-related programs primarily to the company’s dealers and retail customers in the United States and Canada. It engages in financing and servicing wholesale inventory receivables and retail consumer loans primarily for the purchase of motorcycles. This segment’s wholesale financial services include floorplan and open account financing of motorcycles, and motorcycle parts and accessories to Harley-Davidson and Buell motorcycle dealers. Its retail financial services include installment lending for its new and used motorcycles. The Financial Services segment also provides motorcycle insurance and property/casualty insurance, as well as sells extended service contracts, gap coverage, and debt protection products to motorcycle owners. Harley-Davidson sells its products through independent dealers and distributors. The company was founded in 1903 and is based in Milwaukee, Wisconsin. April Fool!
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I received the following email. "Hey Anybody know of someone losing their leather in Sauk City? A notebook has some addresses from NY and CA. Please contact me @ Sauk Prairie Harley-Davidson. It also has A couple of pins from venture mc, Honorable DC from US Navy Poppies. Thank you Maggie Connor 608-643-3735"
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